XML 34 R3.htm IDEA: XBRL DOCUMENT v2.3.0.15
CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Revenues:    
Net product sales$ 201,020$ 168,236$ 546,784$ 428,306
Other7223391,221903
Total revenues201,742168,575548,005429,209
Operating expenses:    
Research and development59,43340,337131,379103,391
Selling, general and administrative16,65645,59398,775120,699
Cost of product sales22,67620,15563,57749,139
Total operating expenses98,765106,085293,731273,229
Operating income102,97762,490254,274155,980
Other (expense) income:    
Interest income1,0165642,5202,308
Interest expense(5,416)(4,809)(16,256)(14,255)
Equity loss in affiliate(43)(39)(110)(130)
Other, net(278)137(1,301)457
Total other (expense) income, net(4,721)(4,147)(15,147)(11,620)
Income from continuing operations before income taxes98,25658,343239,127144,360
Income tax expense(17,641)(18,217)(65,073)(47,332)
Income from continuing operations80,61540,126174,05497,028
Discontinued operations:    
(Loss) income from discontinued operations, net of tax (390)7(656)
Gain on disposal of discontinued operations, net of tax3,783 618 
Income (loss) from discontinued operations3,783(390)625(656)
Net income$ 84,398$ 39,736$ 174,679$ 96,372
Basic    
Continuing operations (in dollars per share)$ 1.38$ 0.71$ 3.00$ 1.74
Discontinued operations (in dollars per share)$ 0.07$ (0.01)$ 0.01$ (0.01)
Net income per basic common share (in dollars per share)$ 1.45$ 0.70$ 3.01$ 1.73
Diluted    
Continuing operations (in dollars per share)$ 1.32$ 0.67$ 2.80$ 1.63
Discontinued operations (in dollars per share)$ 0.06$ (0.01)$ 0.01$ (0.01)
Net income per diluted common share (in dollars per share)$ 1.38$ 0.66$ 2.81$ 1.62
Weighted average number of common shares outstanding:    
Basic (in shares)58,32156,53658,08755,790
Diluted (in shares)61,21060,21662,06259,545